{"id":39673,"date":"2020-01-22T18:43:24","date_gmt":"2020-01-22T18:43:24","guid":{"rendered":"https:\/\/glg.tempsite.space\/news\/ceo-survey-suggests-corporate-social-impact-poised-to-transform-in-2020\/"},"modified":"2025-05-12T08:43:04","modified_gmt":"2025-05-12T12:43:04","slug":"ceo-survey-suggests-corporate-social-impact-poised-to-transform-in-2020","status":"publish","type":"post","link":"https:\/\/glginsights.com\/ja\/news\/ceo-survey-suggests-corporate-social-impact-poised-to-transform-in-2020\/","title":{"rendered":"CEO Survey Suggests Corporate Social Impact Poised to Transform in 2020"},"content":{"rendered":"
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By Richard Socarides, Chief Communications Officer at GLG<\/p>\n

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Photo: Bridges to Prosperity, a 2019 GLG Social Impact Fellow Organization<\/p>\n

GLG just released the results of our\u00a02020 CEO Survey<\/a>, with a range of important findings on how business leaders see global growth, geopolitical uncertainty, and other topics. Among the most interesting: about\u00a090% of respondents said that they agree with the Business Roundtable\u2019s policy statement<\/strong>\u00a0that corporations should be responsible not only to shareholders but also to employees, customers, suppliers, and communities.<\/p>\n

This is encouraging \u2013 and somewhat surprising. Reactions to the Business Roundtable\u2019s statement have been mixed. Many have praised its expanded view of social responsibility, but others have taken a more skeptical view.\u00a0New York Times<\/em>\u00a0columnist David Gelles\u00a0put it this way<\/a>: \u201cBefore C.E.O.s can change the world, they need to satisfy investors.\u201d<\/p>\n

That\u2019s true, of course \u2013 but it doesn\u2019t have to be either\/or. BlackRock Chairman and CEO Larry Fink made that clear this month in his\u00a0annual letter<\/a>, outlining his firm\u2019s commitment to combating climate change, and urging other businesses to consider the social implications of their work: \u201cCompanies must be deliberate and committed to embracing purpose and serving all stakeholders \u2013 your shareholders, customers, employees, and the communities where you operate.\u201d Fink\u2019s stance offers a clear example of how the private sector can adapt to serve both investors and other stakeholders. A similar takeaway emerged from last year\u2019s\u00a0Changing the Rules for Changing the World<\/em><\/a>\u00a0conference at GLG New York \u2013 purposeful, diligent action from the private sector will be crucial to advancing social progress.<\/p>\n

And that\u2019s why I find GLG\u2019s 2020 CEO Survey so encouraging \u2013 not just because of overwhelming agreement with this view, but because a majority of CEOs said they plan to actively help drive positive social change this year. For example, the survey found that:<\/p>\n